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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2021
FAIR VALUE MEASUREMENTS  
Schedule of interest rate swap agreements measured at fair value on a recurring basis

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As of December 31, 2021

 

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Quoted Prices

    

Significant

    

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In Active

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Other

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Significant

 

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Markets for

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Observable

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Unobservable

 

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Identical Assets

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Inputs

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Inputs

 

(In thousands)

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Total

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(Level 1)

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(Level 2)

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(Level 3)

 

Long-term interest rate swap liabilities

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$

(12,813)

 

$

—

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$

(12,813)

 

$

—

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As of December 31, 2020

 

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Quoted Prices

    

Significant

    

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In Active

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Other

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Significant

 

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Markets for

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Observable

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Unobservable

 

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Identical Assets

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Inputs

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Inputs

 

(In thousands)

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Total

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(Level 1)

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(Level 2)

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(Level 3)

 

Current interest rate swap liabilities

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$

(6,297)

 

$

—

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$

(6,297)

 

$

—

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Long-term interest rate swap liabilities

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(22,958)

 

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—

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(22,958)

 

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—

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Total

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$

(29,255)

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$

—

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$

(29,255)

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$

—

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Schedule of other financial instruments that are not carried at fair value but which require fair value disclosure

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As of December 31, 2021

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As of December 31, 2020

 

(In thousands)

    

Carrying Value

    

Fair Value

    

Carrying Value

    

Fair Value

  

Long-term debt, excluding finance leases

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$

2,139,567

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$

2,186,508

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$

1,978,694

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$

2,039,790

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